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Lucas Gray, an accomplished artist and television animator, has created the best video I've ever seen to make the argument for President Obama's re-election on economic terms alone.
The three-minute video, narrated by a speech Obama delivered at the Associated Press Luncheon in April of 2012, rips apart the concept of "trickle-down" with swift, precise and visually-helpful animation.
This is a video that is superbly animated, constructed and deserves a wide viewing audience.
Originally posted by sdocpublishing
The video was interesting and the one piece that bothered me was the line:
"Families were enticed and sometimes just outright tricked into buying homes they could not afford"
I find this to be untrue and an excuse by those who made the decision to purchase a home they could not afford and want to blame the lender or the realtor, I think all three made bad decisions but I disagree with painting the home buyer as a victim.
Predatory lending describes unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of inspector general of the FDIC broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers."[1] Though there are laws against many of the specific practices commonly identified as predatory, various federal agencies use the term as a catch-all term for many specific illegal activities in the loan industry. Predatory lending should not be confused with predatory mortgage servicing which is used to describe the unfair, deceptive, or fraudulent practices of lenders and servicing agents during the loan or mortgage servicing process, post loan origination.
Originally posted by sdocpublishing
The video was interesting and the one piece that bothered me was the line:
"Families were enticed and sometimes just outright tricked into buying homes they could not afford"
I find this to be untrue and an excuse by those who made the decision to purchase a home they could not afford and want to blame the lender or the realtor, I think all three made bad decisions but I disagree with painting the home buyer as a victim.
Originally posted by sdocpublishing
The video was interesting and the one piece that bothered me was the line:
"Families were enticed and sometimes just outright tricked into buying homes they could not afford"
I find this to be untrue and an excuse by those who made the decision to purchase a home they could not afford and want to blame the lender or the realtor, I think all three made bad decisions but I disagree with painting the home buyer as a victim.
Originally posted by sdocpublishing
reply to post by Kali74
I think the whole economy would have benefited if all the people who purchased homes they could not afford had done some research.
And again my comment was about the purchase of the home and has nothing to do with events that took place with the paperwork after the fact.
Maybe you would benefit from properly reading what I wrote before making a smarmy comment.
edit on 7-10-2012 by sdocpublishing because: (no reason given)